Life Insurance is an asset class that must be reviewed. Do you know the risks?

To avoid placing families at risk, or merely determining if the same security could be provided to a family at a reduced cost, the questions you must be asking are:

I. Is my policy premium and death benefit guaranteed until I die, regardless of when I die?

II. If my premium and death benefit are not guaranteed and I purchased a “general account” policy, what effect will a declining interest rate environment have on my ability to maintain my coverage?

a. Will my annual premium rise?
b. Will my policy lapse if I cannot afford to pay increased annual premiums?

III. If my premium and death benefit are not guaranteed and I purchased a “variable account” policy, what effect will a declining equity, bond or real estate market have on my ability to maintain my coverage?

a. Will my annual premium rise?
b. Will my policy lapse if I cannot afford to pay increased annual premiums?

IV. If my premium and death benefit are not guaranteed, regardless if I purchased a “general account” or “variable” product, can my carrier increase my policies internal charges?

a. Will my annual premium rise?
b. Will my policy lapse if I cannot afford to pay increased annual premiums?

V. What are my options if I cannot afford my premiums or I decide I do NOT want / need my coverage? Click here to learn more about life settlements

VI. What is the financial health of my insurance carrier and can I obtain a policy from a more secure carrier?

VII. Will my death benefit be paid to the intended party(s) or will I unintentionally disinherit those that I care for the most?

In response to this crisis, Newman + Cohen Financial Management, Inc. has developed a life insurance analysis methodology to help not only avoid these risks, but in many circumstances assist insured's and their families to secure polices at significantly lower premiums.

Our unique MYLIFEAUDIT life insurance analysis process addresses each of the financial issues discussed. At the conclusion, you and your family will be comforted in knowing that:

1. You will be insured with the appropriate amount of death benefit that is required to maintain your family if you are not here to provide for them.

2. You will either understand the risks to your policy should it not be guaranteed or you will be insured by a financially stable carrier who has issued you a policy that guarantees your coverage for your life.

3. Your death benefit will be directed to those beneficiaries you desire to provide for in the most tax advantaged format.

During tough economic times, everyone is looking for ways to reduce their cost of living. A review of Life Insurance may be the biggest savings and the most important one !